Debt (Tables)

9 Months Ended

Sep. 30, 2023

Debt Disclosure [Abstract]

Schedule of Short-term and Long-term Debt Outstanding

A summary of short-term and long-term debt outstanding is as follows:

(in millions)	September 30, 2023		December 31, 2022
4.125% Senior Notes, due 2023 1	$	—	$	38
3.625% Senior Notes, due 2024 2	47		48
4.75% Senior Notes, due 2025 3	4		4
4.0% Senior Notes, due 2026 4	3		3
2.95% Senior Notes, due 2027 5	497		496
2.45% Senior Notes, due 2027 6	1,239		1,237
4.75% Senior Notes, due 2028 7	814		823
4.25% Senior Notes, due 2029 8	1,019		1,029
2.5% Senior Notes, due 2029 9	497		497
2.70% Sustainability-Linked Senior Notes, due 2029 10	1,235		1,233
1.25% Senior Notes, due 2030 11	594		594
2.90% Senior Notes, due 2032 12	1,474		1,472
5.25% Senior Notes, due 2033 13	743		—
6.55% Senior Notes, due 2037 14	291		290
4.5% Senior Notes, due 2048 15	272		272
3.25% Senior Notes, due 2049 16	590		590
3.70% Senior Notes, due 2052 17	974		974
2.3% Senior Notes, due 2060 18	683		682
3.9% Senior Notes, due 2062 19	486		486
Commercial paper	—		188
Total debt	11,462		10,956
Less: short-term debt including current maturities	47		226
Long-term debt	$	11,415	$	10,730

1     We made a $38 million payment on the retirement of our 4.125% senior notes in the third quarter of 2023.

2     Interest payments are due semiannually on May 1 and November 1.

3     Interest payments are due semiannually on February 15 and August 15.

4     Interest payments are due semiannually on March 1 and September 1.

5    Interest payments are due semiannually on January 22 and July 22, and as of September 30, 2023, the unamortized debt discount and issuance costs total $3 million.

6    Interest payments are due semiannually on March 1 and September 1 and as of September 30, 2023, the unamortized debt discount and issuance costs total $11 million.

7     Interest payments are due semiannually on February 1 and August 1.

8 Interest payments are due semiannually on May 1 and November 1.

9    Interest payments are due semiannually on June 1 and December 1, and as of September 30, 2023, the unamortized debt discount and issuance costs total $3 million.

10    Interest payments are due semiannually on March 1 and September 1 and as of September 30, 2023, the unamortized debt discount and issuance costs total $15 million.

11    Interest payments are due semiannually on February 15 and August 15, and as of September 30, 2023, the unamortized debt discount and issuance costs total $6 million.

12 Interest payments are due semiannually on March 1 and September 1 and as of September 30, 2023, the unamortized debt discount and issuance costs total $26 million.

13 Interest payments are due semiannually on March 15 and September 15, beginning on March 15, 2024, and as of September 30, 2023, the unamortized debt discount and issuance costs total $7 million.

14    Interest payments are due semiannually on May 15 and November 15, and as of September 30, 2023, the unamortized debt discount and issuance costs total $2 million.

15    Interest payments are due semiannually on May 15 and November 15, and as of September 30, 2023, the unamortized debt discount and issuance costs total $11 million.

16 Interest payments are due semiannually on June 1 and December 1, and as of September 30, 2023, the unamortized debt discount and issuance costs total $10 million.

17    Interest payments are due semiannually on March 1 and September 1 and as of September 30, 2023, the unamortized debt discount and issuance costs total $26 million.

18    Interest payments are due semiannually on February 15 and August 15, and as of September 30, 2023, the unamortized debt discount and issuance costs total $17 million.

19    Interest payments are due semiannually on March 1 and September 1 and as of September 30, 2023, the unamortized debt discount and issuance costs total $14 million.